Business: Risky Hand

Since it opened on Memorial Day weekend, Resorts International's casino
in Atlantic City, has been a greenback gusher, grossing $119.3 milliona take
bigger than that of any Nevada gambling house. But last
week it seemed as if the well might run dry. New Jersey Attorney
General John Degnan issued a 115-page report urging that Resorts be
denied a permanent gambling license when its temporary permit expires Feb. 25.

Resorts President I.G. ("Jack") Davis attacked the report, contending
that it is a rehash of old, unfounded charges. It accused the company
of ties to organized crime, faulty accounting, inadequate...